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ECB sterilisation fail

The ECB yesterday failed to fully sterilise its purchases of government bonds under the Securities Markets Programme (SMP).A quick recap – the sterilisation is designed to remove the same amount of liquidity from the financial system as the ECB introdu…

Posted by Open Europe blog team

TGI Freitag

At Open Europe, Friday afternoons, for some random reason, is German polling time (see here). This afternoon, we have good news for German Chancellor Angela Merkel: her tough approach in handling the eurocrisis is apparently paying off back home.A pol…

Posted by Open Europe blog team